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The collateral assignment assigns the rights of the buyer under the asset purchase agreement to a lender as security for a loan from the lender to the buyer.
How To Create a Collateral Contract YourselfNames, contact information, and addresses of all parties.Terms and conditions of the collateral contract.Indication of a promissory note.Duties and responsibilities assigned to each party.The effective date of the agreement.More items...
Collateral Account Control Agreement means an agreement, satisfactory to the Security Agent, by and among the Obligor, the Security Agent and the Custodian pursuant to which the Custodian confirms and acknowledges the Security Agent's security interest in the Custodial Account and undertakes such other matters as the
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Collateral Account is any Deposit Account, Securities Account, or Commodity Account, or any other bank account maintained by Borrower or any Subsidiary at any time.